Highlights
May 7, 2018Growth in consumer credit is being held down by declining use of credit cards, which may be good news for consumer health but not such good news for consumer spending which has been flat. Stocks were up including the Dow which gained 0.4 percent to 24,357. Demand for short-term Treasuries improved a bit with the 2-year yield edging 2 basis points lower to 2.49 percent.